Monthly Archives: May 2017
Why You Need to Have a Plan in Place for Long Term Care
Since the U.S. Department of Health and Human Services shared that nearly 70% of Americans who are turning 65 will need long term care at some point, there is a good opportunity for planning ahead for your own future. The costs associated with long term care are not limited to medical care alone, as… Read More »
High Net Worth Families More Comfortable Revealing Information About Their Money
A recent study conducted by Wilmington Trust identified that individuals with high net worth who are older today are more comfortable sharing the intentions of their estate with the beneficiaries. The study included nearly 60 families with at least $20 million in assets but nearly three quarters of the study participants had at least… Read More »
Tips for Choosing an Executor
An executor is the individual who has the legal responsibility to ensure that your wishes for your estate plan are carried out as well as any taxes, debts and bills are paid. You need to identify someone who is competent as well as trustworthy and someone who can recognize that they might not have… Read More »
Why Even Millennials Should Be Considering Saving for Retirement
It’s far too easy to push off the prospect of saving for retirement when you are young and relatively healthy. It’s actually probably at the bottom of your priority list for any 20-something who is worried about paying student loans, paying the rent and trying to manage additional funds for travel and entertainment. However,… Read More »
Tips for Choosing an Executor
When approaching the estate planning process, your executor is the individual who has the legal responsibility to ensure that all of your estate planning intentions and plans are carried out to pay out any debts, bills and taxes, and to ensure that your assets are transferred properly. When identifying the right person to choose… Read More »